Around 70% of Singaporeans are underinsured, says Prudential
Around seven in 10 Singaporeans have not increased their life insurance cover in line with their rising income levels, leaving them at risk of being under-insured in the event of a crises, insurer Prudential has warned.
Guernsey’s Providence fund ordered to be wound up
The Royal Court of Guernsey has ordered the winding up of Providence Global Ltd, the parent company of locally registered Providence Investments Funds and its manager Providence Investment Management International.
Emerging Markets | 23 Aug 16
ANALYSIS: Brains or blind faith behind EM call?
Emerging markets are back in favour, but are investors going back in on solid fundamentals or blind hope?
Middle East | 23 Aug 16
DIFC and Abu Dhabi Global Market regulators sign new accord
The Dubai Financial Services Authority (DFSA), which regulates the city’s international financial centre, has signed a cooperation deal with the regulator of the new Abu Dhabi Global Market (ADGM) to help boost supervision across the UAE and the wider Gulf region.
People Moves | 23 Aug 16
PEOPLE MOVES: Zurich, EFG, Rathbones
Zurich names a new head for its global divison in Hong Kong, while Switzerland’s EFG appoints a chief executive in Singapore. The Guernsey regulator hires a new lawyer to its decision’s panel, and BMO expands its European sales team.